TaxTMI 
TaxTMI 
Minutes of the 55th meeting of the SEZ Board of Approval held on 23rd November 2012 to consider proposals for setting up Special Economic Zones and other miscellaneous proposals
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....ts for the year 2010-11. Exports in the current financial year, up to 30.09.2012, have been to the tune of Rs. 2,39,628.78 crores registering a growth of about 36% over the exports of the corresponding period of FY 2011-12. 3. At the outset the Chairman flagged the issue of adherence to a schedule for submission and examination of agenda items before the BoA and requested that all participants adhere to the following time limits for submission, processing and examination of the proposals to be considered by BoA. Subject (proposals to be considered by BoA) Time limit (before BoA meeting) 1. Forwarding of proposals by Zonal DCs to DoC Three weeks 2. Processing of proposals thus received, and preparation of Agenda by DoC Two weeks 3. Communication of written comments, if any, to the Agenda by D/o Revenue to DoC. Three days Item No.55.1: Requests for co-developer All BoA sanctioned approvals to co-developers are subject to the condition that particular terms and conditions of lease agreement/co-developer agreement will not have any bearing on the treatment of the income by way of lease rentals/down payment/premium etc., for the purpos....
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....ited for co-developer in the sector specific SEZ for IT/ITES at Plot No. 21, Tech Zone-IV, Greater Noida, being developed by M/s. Artha Infratech Private Limited After deliberations, the Board approved the request of M/s. P.L.G. Incubation Services Private Limited for becoming a co-developer in the above mentioned SEZ, to develop one tower of approximately 1.6 lacs sq ft. super area in the processing area for IT/ITES including Electronic Hardware and Software units, in accordance with the codeveloper agreement entered into with the developer. (iv) Request of M/s. Deccan Real Ventures Private Limited for co-developer in the sector specific SEZ for IT/ITES at Gachibowli village, Serillingampally Mandal, R.R.District, Andhra Pradesh, being developed by M/s. Phoenix Infocity Private Limited DGEP raised the point that it needs to be ascertained if the land is under the control of the developer and is free from encumbrances. After deliberations, the Board decided that DoC will decide the matter on file after seeking necessary clarifications. (v) Request of M/s. Honeywell Technology Solutions Lab Pvt. Ltd. for co-developer in the sector specific SEZ for IT/ITES at IIlandhaikul....
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....ained, the developer has either not availed or has refunded all the tax/duty benefits availed under SEZ Act/Rules in respect of the area to be de-notified, the State Govt has no objection to the denotification proposal etc. (ii) Request of M/s. G.P. Realtors Private Limited for de-notification of a portion of land in the sector specific SEZ for IT/ITES at Village Behrampur and Bandwari, Gurgaon, Haryana After deliberation, the Board decided to approve the request of M/s. G.P. Realtors Private Limited for de-notification of 8.094 hectares from the SEZ thereby making the total area of the SEZ as 28.673 hectares. The approval is subject to the DC furnishing a certificate in the prescribed format certifying inter alia that the contiguity of the SEZ is maintained, the developer has either not availed or has refunded all the tax/duty benefits availed under SEZ Act/Rules in respect of the area to be de-notified, the State Govt has no objection to the denotification proposal etc. (iii) Request of M/s. SEZ Biotech Services Private Limited for addition of area in sector specific SEZ for Biotechnology at Manjari Budruk, Taluka Haveli, District Pune, Maharashtra After deliber....
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....oved SEZ thereby making the total area of the SEZ as 11.74 hectares. The approval is subject to the DC furnishing a certificate in the prescribed format certifying inter alia that the contiguity of the SEZ is maintained, the developer has either not availed or has refunded all the tax/duty benefits availed under SEZ Act/Rules in respect of the area to be de-notified, the State Govt has no objection to the denotification proposal etc. Item No. 55.4: Requests for de-notification (i) Request of M/s. Empire Industries Limited for de-notification of the sector specific SEZ for IT/ITES and Hardware at Ambernath District Thane, Maharashtra, notified over an area of 14.16 hectares After deliberations, the Board decided to approve the request of M/s. Empire Industries Limited for de-notification of the sector specific SEZ for IT/ITES and Hardware at Ambernath District Thane, Maharashtra, notified over an area of 14.16 hectares. The approval is subject to the DC furnishing a certificate in the prescribed format certifying inter alia that the contiguity of the SEZ is maintained, the developer has either not availed or has refunded all the tax/duty benefits availed under SEZ Act/Rules....
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....ares and 102.80 hectares. The approval is subject to the DC furnishing a certificate in the prescribed format certifying inter alia that the contiguity of the SEZ is maintained, the developer has not availed any tax/duty benefits under SEZ Act/Rules, the State Govt has no objection to the proposal etc. (ii) Withdrawal of formal approval granted to State Industries Promotion Corporation of Tamil Nadu Limited, for setting up of sector specific SEZ for Automobile/Automobile parts/Auto Ancillary and support services including trading and logistic activities at Cheyyar SIPCOT Industrial, Cheyyar Taluk, Thiruvannamalai District, Tamil Nadu. The Board decided to approve the request of State Industries Promotion Corporation of Tamil Nadu for full withdrawal of formal approval granted to them for setting up of sector specific SEZ for Automobile/Automobile parts/Auto Ancillary and support services including trading and logistic activities at Cheyyar SIPCOT Industrial, Cheyyar Taluk, Thiruvannamalai District, Tamil Nadu, over an area of 103.24 hectares. The approval is subject to the DC furnishing a certificate in the prescribed format certifying inter alia that the contiguity of the SE....
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....d approved the request of M/s. Reliance Industries Ltd. for name change of developer of Reliance Jamnagar SEZ, Jamnagar, Gujarat pursuant to amalgamation of M/s. Reliance Jamnagar Infrastructure Ltd. (RJIL) with M/s. Reliance Industries Ltd. (RIL),subject to:- (i) Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered developer entity; (ii) Fulfilment of all eligibility criteria applicable to developers, including security clearances etc., by the altered developer entity and its constituents; (iii) Applicability of and compliance with all Revenue / Company Affairs /SEBI etc. rules which regulate issues like capital gains, equity change, transfer, taxability etc. (iv) Full financial details relating to the transfer of equity shall be furnished immediately to the Member (IT) CBDT, Department of Revenue. (v) The assessing officer under the Income Tax Act, 1961, shall have the right to assess the taxability of the amount arising out of the transfer of equity. (vi) The applicant shall comply with relevant State Government laws, including those relating to lease of land, as applicable. (vii) The applicant shall....
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....fter deliberations BoA, extended the validity of the formal approval up to 22nd August, 2013 during which time DC was asked to ensure that the developer operationalizes the SEZ, as no further extension would be granted. (iv) Request of M/s. Enfield Realtors Limited for further extension of the validity period of formal approval, granted for setting up of sector specific SEZ for Nonconventional energy including Solar Energy Equipment/Cell at Kanksa, Panagarh, District Burdwan, West Bengal, beyond 22nd May 2012 (beyond 5th Year) The Board noted that the SEZ was notified but not operational and very little progress had been made even after a lapse of a period of 5 years. DC, FSEZ recommended that a final extension for a one year period be granted in the said case. After deliberations BoA, extended the validity of the formal approval up to 22nd May, 2013 during which time DC was asked to ensure that the developer operationalizes the SEZ, as no further extension would be granted. (v) Request of M/s. Enfield Infrastructure Limited for further extension of the validity period of formal approval, granted for setting up of sector specific SEZ for IT/ITES including Electronics Hardw....
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....rant any further extension. Item No. 55.8: Delayed request for extension of formal approval (i) Request of M/s. IG3 Infra Limited for extension of the validity period of formal approval, granted for setting up of sector specific SEZ for Textile at Uthukuli village, Erode District, Tamil Nadu, beyond 30th May 2012. The Board after deliberations extended the validity of the formal approval up to 30th May, 2013. Item No. 55.9: Request from M/s. Posco-India Private Limited for grant of extension of in-principle approval for 7th year. The Board noted that the State Government's views on the issue had not been received, so far. After deliberations BoA deferred the matter, to be decided after taking into account the views of the State Govt. Item No. 55.10: Requests of the developer M/s. Rewa Infrastructure Pvt. Ltd. for 3^rd extension of the validity period of the In-principle approval dated 07.01.2008 for setting up of a multi product SEZ at Raigad, Maharashtra, over an area of 1012 hectares The Board noted that the SEZ had been granted two extensions to its in-principle approval, but very little progress had been made by the developer. The Board after deliberations ....
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....o. 55.14: Request of M/s. Anushakti Specialties LLP for laying Ethylene pipeline in Dahej SEZ/GIDC piping corridor The Board after deliberations, approved the request from M/s. Anushakti Specialties LLP, a unit in the Dahej SEZ for laying Ethylene pipeline in Dahej SEZ/GIDC piping corridor subject to condition that the duty benefits shall be restricted to the activities carried out inside the SEZ Item No. 55.15: Requests for Contiguity Relaxation (i) Request of M/s. Kakinada SEZ Private Limited, for relaxation of the contiguity of the multi product SEZ at Ponnada, Mulapeta, Ramanakkapeta villages in Kakinada, East Godavari District, Andhra Pradesh The Board, approved the request of M/s Kakinada SEZ Private Ltd, for relaxation of the contiguity of the multi product SEZ at Ponnada, Mulapeta, Ramanakkapeta villages in Kakinada, East Godavari District, Andhra Pradesh subject to the following conditions: (a) The developer must establish contiguity within a period of 3 years from the date of notification. (b) No duty concessions would be available for construction of such structures to achieve contiguity in the SEZ, to the developer. (c) Pending the construction of t....
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....ance 4. Shri Jitendra Kumar, Additional Director (DGEP), Department of Revenue 5. Shri A.K. Pujari, DGFT, Director General of Foreign Trade 6. Shri Vivek Ranjan, Additional Director, Department of Revenue, Ministry of Finance 7. Dr. L. B. Singhal, Additional DGFT, Director General of Foreign Trade 8. Shri G. Manjunath Gouda, Resident Director, Karnataka Udyog Mitra Karnataka Bhavan - 3, Khelgaon Marg, New Delhi 9. Tmt. Madhumathi Kumar, GM (D), SIPCOT, Tamil Nadu. 10. Shri Ram Singh, Deputy Director (P), Department of Industries & Commerce, Udyog Baan Sect. 17, Chandigarh. 11. Dr. S.K. Sahoo, Office of Development Commissioner (MSME), Ministry of MSME, Nirman Bhawan. 12. Shri T.A. Khan, (RO), TCPO, Ministry of Urban Development, E-Block, Vikas Baan, New Delhi 13. Shri R.D. Meena, Research Assistant, TCPO, Ministry of Urban Development 14. Shri, Promod. R, Assistant Liaison Officer, Kerala Home, Government of Kerala LIST OF DEVELOPMENT COMMISSIONERS 15. Shri Sanjeev Nandwani, Development Commissioner, Falta, Kolkata 16. Shri Jayant Misra, Development Commissioner, Noida SEZ, Uttar Pradesh 17. Shri N.P.S. Monga, Development Commissioner, S....